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20121208
20121208
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that could be just ahead. just beyond the storm clouds. the fiscal cliff is fixable. every day washington fails to make a deal, more damage is being done. john king, ken rogath is the former chief economist at the international monetary fund and diane swonk joins us from mezro financial. john, some people say don't sweat it. the threat of going over the fiscal cliff is overblown. it will get done in an 11th hour deal. as you read the politics at play, what do you see? >> both sides digging in. you played the president saying, i want that rate hike. the republicans say we'll give you the revenues but not through a rate hike. the president believes he won the election and he upped the ante saying he wants twice as much in tax revenues than he wanted a year and a half ago. the president believes he has higher ground under this. i think maybe the democrats have a deeper trench, if you will. they have public opinion on their side. if you talk to people in washington there is a sense that at the last minute reason will prevail. there is a not a lot of optimism. you know this and my colleagues k
. >> that was one of the things i found interesting is washington is so obsessed right now with the fiscal cliff, myself included, and what is happening with the budget showdown, the polling seem to indicate that for most americans of said the beltway, job creation and the state of the economy remains their main concern. what were you going to say? what's i think they go hand in hand. from a business perspective, large corporations are sitting on lots of cash. they are uncertain of what the future will bring. that is the economic future, but the future of tax policy and the rest of that. that is keeping the economy back. if we can reach a deal where we are not coming to blows every six months or one year on what tax policy will look like for another six months, that will give us confidence and will create jobs people want. i am not sure if there is a bifurcation between what washington is focused on and what people want. i think this is about jobs and economic growth. >> i did find one thing surprising. behind retirement programs, social security and medicare, seems to be job creation, deficit r
a discussion on the so- called fiscal cliff negotiations and the impact on unemployment insurance. from "washington journal" this is 40 minutes. host: we continue our look at unemployment insurance and its role in the fiscal clift debate, we are joined by michael tanner and josh bivens. mr. michael tanner, if you had your way in these discussions, where what unemployment insurance end up at the end of the day? guest: i think the emergency extension should fade away and we should go back to the 46 weeks that we have been at, the 26 weeks of traditional employment, and extended benefits in states that have higher unemployment rates. you start with the fact that unemployment insurance itself, when you extended for a long times as questionable value. we know it leads to an increase in the on and -- unemployment rate. that is dubious enough, but when you factor in that we will deficit finance this and slow economic growth overall, destroying jobs of the same time we pay people for being unemployed, a thing that creates a problem. host: how much money do we save if we do not extend emergency
hanger. >> it comes to the fiscal cliff that's threatening our economy and threatening jobs, and the white house has wasted another week. >> ainsley: why speaker john boehner says the president's my way or the highway approach is getting us nowhere. >> clayton: and washington state got high, but how the anti-drug program says it won't dare teach our middle schoolers about marijuana, it's not age appropriate. do they have a point? we report, you decide. >> eric: and super storm sandy couldn't wipe away his home, but something else did. >> she said are you sure your house is gone. miss, you misplace a pen or pencil, you don't misplace a house. >> clayton: vanished, that man will tell us how that house just vanished. "fox & friends" hour four starts right now. ♪ . [rooster crowing] >> welcome into "fox & friends" on this saturday morning, thanks so much for waking up with us. this is ainsley. >> ainsley: hi. >> clayton: in for ali and eric for dave and i'm the only one on the regular crew. >> ainsley: where did they go, to christmas parties and couldn't make it in? you never
Search Results 0 to 3 of about 4